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Auxmoney, the German P2P lender, closed a Series D round led by Seven Ventures (the investment arm of ProSiebenSat1), with participation from Index Ventures, Union Square Ventures and Foundation Capital.
The amount, whilst undisclosed, is in the double-digit million Euro range - smaller than previous rounds. Auxmoney has raised $198m to-date, with its Series C attracting EUR150m in October last year.
Raffael Johnen, co-founder and CEO of Auxmoney stated: "The partnership with ProSiebenSat1 is an important milestone on our path to change the public awareness for p2p lending in Germany. We will make a big step towards our goal to enable access to loans for more people. The raised capital and the better access to TV advertising will help us to make p2p lending part of everyday life of millions of people.”
http://www.p2p-banking.com/countries/germany-breaking-auxmoney-raises-series-d-from-seven-ventures/
